Ewald Engelen
Biographic Data
| ID | 256978 |
|---|---|
| NAME | Ewald Engelen |
| GIVEN NAMES | Ewald |
| FAMILY NAME | Engelen |
| SIGNATURE | ENGELEN E |
| AFFILIATIONS | University of Amsterdam |
| VERIFIED | No |
| TOTAL WORKS | 33 |
| TOTAL CITATIONS | 406 |
| AUTHOR COUNT | 33 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2001 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 12 |
Financializing Healthcare and Infrastructures of Social Reproduction: How to Bankrupt a Hospital and be Unprepared for a Pandemic
literature despite the fact that ISRs can potentially enact or destroy forms of biological citizenship (Netz et al., ), strengthening or weakening community and social ties and deeply affecting economic and productive practices
Seeing like an economist: Using the case of Dutch healthcare reform to bring professions and their epistemologies back in the field of new economic sociology
The article scrutinizes the Dutch healthcare market system to provide empirical grounding to the debates around the extent to which rationally constructed markets can develop as originally planned. Focusing on one specific pricing device, we document how the perceived economic 'rationalities' embedded in its design are challenged by the unforeseen and unanticipated 'irrationalities' of daily practices. We trace how healthcare professionals develo…
The Time of Money
The grounded city: From competitivity to the foundational economy
This article develops the concept of the ‘grounded city’ to argue that the development of cities can be analysed through specific accelerators and stabilisers. The city is grounded through its relation with a hinterland, which provides resources and revenues and thus governs city development. In modern cities, property development is an increasingly important accelerator, which shapes what is built and where. At the same time, the foundational ec…
Shadow Banking after the Crisis: The Dutch Case
This paper presents the case of the post-crisis discursive defence of shadow banking in the Netherlands to argue, first, that there is a need to dust off older elite theories and adapt them to post-democratic conditions where there are no widely shared 'political formulas' to secure mass support for elite projects. Second, that temporality should be taken more seriously; it is when stories fail that elite storytelling can be observed in practice.…
Don't mind the 'funding gap: What Dutch post crisis storytelling tells us about elite politics in financialized capitalism
In this paper the lobbying efforts of the Dutch financial elite aimed at safeguarding the securitization of Dutch mortgages, which had become a crucial part of Dutch banking business models, is reconstructed, centred on the so-called Liquidity Coverage Ratio of the Basle Committee of Banking Supervision, which dates from January 2013. Section 2 traces the effects of these lobbying efforts. Section 3 describes the storyline used by the Dutch elite…
Guest editorial
How Finance Penetrates its Other: A Cautionary Tale on the Financialization of a Dutch University
If any organization ought to be immune to the forces of financialization, it is a publicly funded university in corporatist Europe. Shielded from the intrusion by financial metrics, values and professionals through a strong historically rooted tradition of self‐management by powerful professional guilds, continental universities should largely have avoided the marketization and managerialization of Anglophone universities. Not so, this case study…
Just the Facts: On the Success of Piketty's Capital
Securitization across borders: Organizational mimicry in Islamic finance
This article discusses the case of securitization in Islamic finance to tease out what is universal and what is specific about this technique. To do this, the article frames the spatial dispersal of securitization as a form of 'organizational mimicry', which highlights that techniques always rely for their functioning on locally rooted 'cultures of practice', suggesting that successful transplantations require adaptation in both context and techn…
Misrule of experts? The financial crisis as elite debacle
This paper is about knowledge limits and the financial crisis. It begins by examining various existing accounts of crisis which disagree about the causes, but share the belief that the crisis represents a problem of socio-technical malfunction which requires some kind of technocratic fix: the three variants on this explanation are the crisis as accident, conspiracy or calculative failure. This paper proposes an alternative explanation which frame…
After the Great ComplacenceFinancial Crisis and the Politics of Reform: Financial Crisis and the Politics of Reform
This book addresses two important questions: first, why did financial innovation lead to the crisis in the banking sector that developed in 2007–8; and, second, why the political reform of finance has apparently proved so difficult across a variety of political jurisdictions? This ambitious book draws on a team of researchers from different disciplines to develop an innovation and distinctive argument in response to these two critical issues. In …
Multiple Financial Modernities. International Financial Centres, Urban Boosters and the Internet as the Site of Negotiations
Engelen E. and Glasmacher A. Multiple financial modernities. International financial centres, urban boosters and the Internet as the site of negotiations, Regional Studies. The 1990s and 2000s (the ‘noughties’) saw a large number of urban boosters trying to frame specific international financial centres (IFCs) as hotspots for global financial activities. This paper investigates the images projected through dedicated websites of different IFCs to …
Commentary
Cognitive Closure’ in the Netherlands: Mortgage Securitization in a Hybrid European Political Economy
There is a strong case that mortgage-backed securities were at the root of the 2007–09 financial crisis. Even though geographers have convincingly demonstrated that loan origination is strongly locally rooted and that the fallout from the subprime mortgage crisis clearly had spatially circumscribed effects, securitization is still generally perceived as a universal, private, and purely market-based financial technique. In this paper we use a desc…
Geographies of Financialization in Disarray: The Dutch Case in Comparative Perspective
The securitization crisis that started in mid-2007 has demonstrated that we are indeed living in a "global financial village" and are all subject to the vagaries of financialization. Nevertheless, the fallout from the credit crisis has not been homogeneous across space. That some localities were hit harder than others suggests that there are distinct geographies of financialization. Combining insights from the "varieties of capitalism" literature…
Amsterdam in Crisis: How the (Local) State Buffers and Suffers
The Dutch institutional configuration is unique in its hybrid character. The specific mixture of a strong welfare state and an Anglo-American-oriented economy, which is even more pronounced in the case of Amsterdam, creates a buffering capacity. However, this capacity is expected to be insufficient to absorb the entire impact of the current financial and economic crises. The Amsterdam economy, segments of the housing market and urban development …
Reconceptualizing financial innovation: Frame, Conjuncture and Bricolage
This article argues for a reconceptualization of financial innovation which, as culprit and victim of the current crisis, is now damned by those who once praised it. But what is financial innovation? The dominant answers from mainstream finance and social studies of finance share variations on a rationalistic view whereby financial innovation is about improving markets or at least extending the sphere of rational calculability. Because improvisat…
Stock exchange virtualisation and the decline of second-tier financial centres--the cases of Amsterdam and Frankfurt
International financial centres used to be stable economic clusters held together by the centripetal forces emanating from physical exchanges. However, given near complete ‘virtualisation’, these ‘anchors’ have gradually disappeared. As this article demonstrates, this has had telling consequences for second-tier financial centres like Amsterdam and Frankfurt. Empirically, the article adds cases of financial centre decline to the existing collecti…
Introduction: Financial geographies--the credit crisis as an opportunity to catch economic geography's next boat
The story of the financial turmoil that swept the world in 2007 and 2008 has proven to be geographical to the bone. In this introduction to the special issue on 'financial geographies' we express concerns that the financial crisis and all it has showcased is going to be economic geography's 'next missed boat'. We derive three problematics from the crisis-productivism, epochal thinking and rationality-and discuss the extent financial geography is …
The rise of activist investors and patterns of political responses: Lessons on Agency
This paper ventures an institutional explanation for distinct patterns of political contestation over the rise of activist investors such as private equity and hedge funds in Europe and North America. Taking issue with the dichotomous nature of the literature on varieties of capitalism (VoC) and the homogenizing assumptions of the literature on financialization, we argue that the specific patterns of politicization in the US, Germany and the Neth…
Amsterdamned'? The Uncertain Future of a Financial Centre
Much has been written about the spatial effects of the introduction of new information and communication technologies on the flows of finance. Some people conclude that place has become irrelevant, while others maintain that face-to-face relations will remain of the utmost importance. In a seminal paper, Clark and O'Connor have argued against the 'end of geography' thesis and have used information-related factors to hypothesize a complex division…
Towards an Explanation of the Performance Differences of Turks in the Netherlands and Germany: The Case for a Comparative Political Economy of Integration
The paper argues that migration studies are too parochial, focusing exclusively on ostensible immigration and incorporation policies and failing to take into account the ‘structuring’ effects of the overall institutional framework. The need for more comparative and more economically-oriented research is presented through a reflection upon the recent Dutch debate on the causes of the lagging performance of Turks in the Netherlands compared to thos…
Resocializing Capital: Putting Pension Savings in the Service of 'Financial Pluralism
Since the late 1980s, social scientists have argued that advanced economies have undergone a process of financial concentration that is resulting in a growing unevenness of the accessibility of capital. Households, small and medium-sized businesses as well as non-standard economic activities have increasing difficulties in finding funds. There are both sound economic and compelling moral reasons to address this issue. In order to ensure a more eq…
Problems of Descriptive Representation in Dutch Works Councils
In political theory, descriptive representation as a corrective to structural asymmetries within society is usually debated against the background of formal political institutions. It is discussed in this paper as a means to enhance the declining legitimacy of Dutch works councils as important sites of democratic decision-making in their own right. The aim is to show that the moral requirements of democratic inclusion have to be weighed against t…
Reconceptualizing financial innovation: Frame, Conjuncture and Bricolage
This article argues for a reconceptualization of financial innovation which, as culprit and victim of the current crisis, is now damned by those who once praised it. But what is financial innovation? The dominant answers from mainstream finance and social studies of finance share variations on a rationalistic view whereby financial innovation is about improving markets or at least extending the sphere of rational calculability. Because improvisat…
Misrule of experts? The financial crisis as elite debacle
This paper is about knowledge limits and the financial crisis. It begins by examining various existing accounts of crisis which disagree about the causes, but share the belief that the crisis represents a problem of socio-technical malfunction which requires some kind of technocratic fix: the three variants on this explanation are the crisis as accident, conspiracy or calculative failure. This paper proposes an alternative explanation which frame…
Geographies of Financialization in Disarray: The Dutch Case in Comparative Perspective
The securitization crisis that started in mid-2007 has demonstrated that we are indeed living in a "global financial village" and are all subject to the vagaries of financialization. Nevertheless, the fallout from the credit crisis has not been homogeneous across space. That some localities were hit harder than others suggests that there are distinct geographies of financialization. Combining insights from the "varieties of capitalism" literature…
Breaking in' and 'breaking out: A Weberian approach to entrepreneurial opportunities
Immigrant entrepreneurship has become a fashionable research topic. Most studies betray a distinct Anglo-American bias - first in their emphasis on social capital and ethnic networks, second in their disregard for the institutional dimension, and third in their implicit economic liberalism. Instead, a more neutral conceptual framework is needed to aid comparative research. To do so this paper endorses a Weberian approach to entrepreneurial opport…
The Logic of Funding European Pension Restructuring and the Dangers of Financialisation
During the 1990s, pension funds seemed to dominate the world's capital markets, reaping unprecedented rates of return. This stands in glaring contrast to the budgetary difficulties of most nonfunded European pension arrangements, which are a result of the changing demographic composition of the population. As a result, a growing number of European states is trying to transform the existing pay-as-you-go systems into funded pension arrangements. A…
The grounded city: From competitivity to the foundational economy
This article develops the concept of the ‘grounded city’ to argue that the development of cities can be analysed through specific accelerators and stabilisers. The city is grounded through its relation with a hinterland, which provides resources and revenues and thus governs city development. In modern cities, property development is an increasingly important accelerator, which shapes what is built and where. At the same time, the foundational ec…
Introduction: Financial geographies--the credit crisis as an opportunity to catch economic geography's next boat
The story of the financial turmoil that swept the world in 2007 and 2008 has proven to be geographical to the bone. In this introduction to the special issue on 'financial geographies' we express concerns that the financial crisis and all it has showcased is going to be economic geography's 'next missed boat'. We derive three problematics from the crisis-productivism, epochal thinking and rationality-and discuss the extent financial geography is …
Stock exchange virtualisation and the decline of second-tier financial centres--the cases of Amsterdam and Frankfurt
International financial centres used to be stable economic clusters held together by the centripetal forces emanating from physical exchanges. However, given near complete ‘virtualisation’, these ‘anchors’ have gradually disappeared. As this article demonstrates, this has had telling consequences for second-tier financial centres like Amsterdam and Frankfurt. Empirically, the article adds cases of financial centre decline to the existing collecti…
How Finance Penetrates its Other: A Cautionary Tale on the Financialization of a Dutch University
If any organization ought to be immune to the forces of financialization, it is a publicly funded university in corporatist Europe. Shielded from the intrusion by financial metrics, values and professionals through a strong historically rooted tradition of self‐management by powerful professional guilds, continental universities should largely have avoided the marketization and managerialization of Anglophone universities. Not so, this case study…
Cognitive Closure’ in the Netherlands: Mortgage Securitization in a Hybrid European Political Economy
There is a strong case that mortgage-backed securities were at the root of the 2007–09 financial crisis. Even though geographers have convincingly demonstrated that loan origination is strongly locally rooted and that the fallout from the subprime mortgage crisis clearly had spatially circumscribed effects, securitization is still generally perceived as a universal, private, and purely market-based financial technique. In this paper we use a desc…
Securitization across borders: Organizational mimicry in Islamic finance
This article discusses the case of securitization in Islamic finance to tease out what is universal and what is specific about this technique. To do this, the article frames the spatial dispersal of securitization as a form of 'organizational mimicry', which highlights that techniques always rely for their functioning on locally rooted 'cultures of practice', suggesting that successful transplantations require adaptation in both context and techn…
The rise of activist investors and patterns of political responses: Lessons on Agency
This paper ventures an institutional explanation for distinct patterns of political contestation over the rise of activist investors such as private equity and hedge funds in Europe and North America. Taking issue with the dichotomous nature of the literature on varieties of capitalism (VoC) and the homogenizing assumptions of the literature on financialization, we argue that the specific patterns of politicization in the US, Germany and the Neth…
Guest editorial
Don't mind the 'funding gap: What Dutch post crisis storytelling tells us about elite politics in financialized capitalism
In this paper the lobbying efforts of the Dutch financial elite aimed at safeguarding the securitization of Dutch mortgages, which had become a crucial part of Dutch banking business models, is reconstructed, centred on the so-called Liquidity Coverage Ratio of the Basle Committee of Banking Supervision, which dates from January 2013. Section 2 traces the effects of these lobbying efforts. Section 3 describes the storyline used by the Dutch elite…
Amsterdamned'? The Uncertain Future of a Financial Centre
Much has been written about the spatial effects of the introduction of new information and communication technologies on the flows of finance. Some people conclude that place has become irrelevant, while others maintain that face-to-face relations will remain of the utmost importance. In a seminal paper, Clark and O'Connor have argued against the 'end of geography' thesis and have used information-related factors to hypothesize a complex division…
Commentary
How to Combine Openness and Protection? Citizenship, Migration, and Welfare Regimes
The author offers a conceptual investigation of the tension between openness and protection in well-developed welfare states. Because of a combination of demographic tendencies and labor market shortages, a growing number of European welfare states is currently exploring market-led immigration policies. However, the level of protection these welfare states offer seems hard to reconcile with the low threshold markets that are needed to incorporate…
Amsterdam in Crisis: How the (Local) State Buffers and Suffers
The Dutch institutional configuration is unique in its hybrid character. The specific mixture of a strong welfare state and an Anglo-American-oriented economy, which is even more pronounced in the case of Amsterdam, creates a buffering capacity. However, this capacity is expected to be insufficient to absorb the entire impact of the current financial and economic crises. The Amsterdam economy, segments of the housing market and urban development …
Multiple Financial Modernities. International Financial Centres, Urban Boosters and the Internet as the Site of Negotiations
Engelen E. and Glasmacher A. Multiple financial modernities. International financial centres, urban boosters and the Internet as the site of negotiations, Regional Studies. The 1990s and 2000s (the ‘noughties’) saw a large number of urban boosters trying to frame specific international financial centres (IFCs) as hotspots for global financial activities. This paper investigates the images projected through dedicated websites of different IFCs to …
Corporate governance, property and democracy: A Conceptual Critique of Shareholder Ideology
Taking Pluralism Seriously: Arguing for an Institutional Turn in Political Philosophy
There is a growing sense of dissatisfaction among political philosophers with the practical sterility and empirical inadequacy of the discipline. Post-Rawlsian philosophy is wrestling with the need to construct a ‘contextualized morality’ that is sensitive to the particularities and complexities of actual moral reasoning but does not succumb to the temptations of relativism. We argue that this predicament is due to its inability to take the plura…
Shadow Banking after the Crisis: The Dutch Case
This paper presents the case of the post-crisis discursive defence of shadow banking in the Netherlands to argue, first, that there is a need to dust off older elite theories and adapt them to post-democratic conditions where there are no widely shared 'political formulas' to secure mass support for elite projects. Second, that temporality should be taken more seriously; it is when stories fail that elite storytelling can be observed in practice.…
Towards an Explanation of the Performance Differences of Turks in the Netherlands and Germany: The Case for a Comparative Political Economy of Integration
The paper argues that migration studies are too parochial, focusing exclusively on ostensible immigration and incorporation policies and failing to take into account the ‘structuring’ effects of the overall institutional framework. The need for more comparative and more economically-oriented research is presented through a reflection upon the recent Dutch debate on the causes of the lagging performance of Turks in the Netherlands compared to thos…
Resocializing Capital: Putting Pension Savings in the Service of 'Financial Pluralism
Since the late 1980s, social scientists have argued that advanced economies have undergone a process of financial concentration that is resulting in a growing unevenness of the accessibility of capital. Households, small and medium-sized businesses as well as non-standard economic activities have increasing difficulties in finding funds. There are both sound economic and compelling moral reasons to address this issue. In order to ensure a more eq…
Financializing Healthcare and Infrastructures of Social Reproduction: How to Bankrupt a Hospital and be Unprepared for a Pandemic
literature despite the fact that ISRs can potentially enact or destroy forms of biological citizenship (Netz et al., ), strengthening or weakening community and social ties and deeply affecting economic and productive practices
Globalisation and multilevel governance in Europe: Realist criteria for institutional design, or how pessimistic should one be
(2001). Globalisation and multilevel governance in Europe: Realist criteria for institutional design, or how pessimistic should one be? Critical Review of International Social and Political Philosophy: Vol. 4, Associative Democracy: The Real Third Way, pp. 131-156
Breaking in' and 'breaking out: A Weberian approach to entrepreneurial opportunities
Immigrant entrepreneurship has become a fashionable research topic. Most studies betray a distinct Anglo-American bias - first in their emphasis on social capital and ethnic networks, second in their disregard for the institutional dimension, and third in their implicit economic liberalism. Instead, a more neutral conceptual framework is needed to aid comparative research. To do so this paper endorses a Weberian approach to entrepreneurial opport…
Breaking in' and `breaking out: A Weberian approach to entrepreneurial opportunities
Immigrant entrepreneurship has become a fashionable research topic. Most studies betray a distinct Anglo-American bias - first in their emphasis on social capital and ethnic networks, second in their disregard for the institutional dimension, and third in their implicit economic liberalism. Instead, a more neutral conceptual framework is needed to aid comparative research. To do so this paper endorses a Weberian approach to entrepreneurial opport…
Corporate governance, property and democracy: A Conceptual Critique of Shareholder Ideology
Comment on Gordon Clark: The False Necessities of State Retreat
Taking Pluralism Seriously: Arguing for an Institutional Turn in Political Philosophy
There is a growing sense of dissatisfaction among political philosophers with the practical sterility and empirical inadequacy of the discipline. Post-Rawlsian philosophy is wrestling with the need to construct a ‘contextualized morality’ that is sensitive to the particularities and complexities of actual moral reasoning but does not succumb to the temptations of relativism. We argue that this predicament is due to its inability to take the plura…
The Logic of Funding European Pension Restructuring and the Dangers of Financialisation
During the 1990s, pension funds seemed to dominate the world's capital markets, reaping unprecedented rates of return. This stands in glaring contrast to the budgetary difficulties of most nonfunded European pension arrangements, which are a result of the changing demographic composition of the population. As a result, a growing number of European states is trying to transform the existing pay-as-you-go systems into funded pension arrangements. A…
How to Combine Openness and Protection? Citizenship, Migration, and Welfare Regimes
The author offers a conceptual investigation of the tension between openness and protection in well-developed welfare states. Because of a combination of demographic tendencies and labor market shortages, a growing number of European welfare states is currently exploring market-led immigration policies. However, the level of protection these welfare states offer seems hard to reconcile with the low threshold markets that are needed to incorporate…
Problems of Descriptive Representation in Dutch Works Councils
In political theory, descriptive representation as a corrective to structural asymmetries within society is usually debated against the background of formal political institutions. It is discussed in this paper as a means to enhance the declining legitimacy of Dutch works councils as important sites of democratic decision-making in their own right. The aim is to show that the moral requirements of democratic inclusion have to be weighed against t…
Towards an Explanation of the Performance Differences of Turks in the Netherlands and Germany: The Case for a Comparative Political Economy of Integration
The paper argues that migration studies are too parochial, focusing exclusively on ostensible immigration and incorporation policies and failing to take into account the ‘structuring’ effects of the overall institutional framework. The need for more comparative and more economically-oriented research is presented through a reflection upon the recent Dutch debate on the causes of the lagging performance of Turks in the Netherlands compared to thos…
Resocializing Capital: Putting Pension Savings in the Service of 'Financial Pluralism
Since the late 1980s, social scientists have argued that advanced economies have undergone a process of financial concentration that is resulting in a growing unevenness of the accessibility of capital. Households, small and medium-sized businesses as well as non-standard economic activities have increasing difficulties in finding funds. There are both sound economic and compelling moral reasons to address this issue. In order to ensure a more eq…
Amsterdamned'? The Uncertain Future of a Financial Centre
Much has been written about the spatial effects of the introduction of new information and communication technologies on the flows of finance. Some people conclude that place has become irrelevant, while others maintain that face-to-face relations will remain of the utmost importance. In a seminal paper, Clark and O'Connor have argued against the 'end of geography' thesis and have used information-related factors to hypothesize a complex division…
The rise of activist investors and patterns of political responses: Lessons on Agency
This paper ventures an institutional explanation for distinct patterns of political contestation over the rise of activist investors such as private equity and hedge funds in Europe and North America. Taking issue with the dichotomous nature of the literature on varieties of capitalism (VoC) and the homogenizing assumptions of the literature on financialization, we argue that the specific patterns of politicization in the US, Germany and the Neth…
Stock exchange virtualisation and the decline of second-tier financial centres--the cases of Amsterdam and Frankfurt
International financial centres used to be stable economic clusters held together by the centripetal forces emanating from physical exchanges. However, given near complete ‘virtualisation’, these ‘anchors’ have gradually disappeared. As this article demonstrates, this has had telling consequences for second-tier financial centres like Amsterdam and Frankfurt. Empirically, the article adds cases of financial centre decline to the existing collecti…
Introduction: Financial geographies--the credit crisis as an opportunity to catch economic geography's next boat
The story of the financial turmoil that swept the world in 2007 and 2008 has proven to be geographical to the bone. In this introduction to the special issue on 'financial geographies' we express concerns that the financial crisis and all it has showcased is going to be economic geography's 'next missed boat'. We derive three problematics from the crisis-productivism, epochal thinking and rationality-and discuss the extent financial geography is …
Geographies of Financialization in Disarray: The Dutch Case in Comparative Perspective
The securitization crisis that started in mid-2007 has demonstrated that we are indeed living in a "global financial village" and are all subject to the vagaries of financialization. Nevertheless, the fallout from the credit crisis has not been homogeneous across space. That some localities were hit harder than others suggests that there are distinct geographies of financialization. Combining insights from the "varieties of capitalism" literature…
Amsterdam in Crisis: How the (Local) State Buffers and Suffers
The Dutch institutional configuration is unique in its hybrid character. The specific mixture of a strong welfare state and an Anglo-American-oriented economy, which is even more pronounced in the case of Amsterdam, creates a buffering capacity. However, this capacity is expected to be insufficient to absorb the entire impact of the current financial and economic crises. The Amsterdam economy, segments of the housing market and urban development …
Reconceptualizing financial innovation: Frame, Conjuncture and Bricolage
This article argues for a reconceptualization of financial innovation which, as culprit and victim of the current crisis, is now damned by those who once praised it. But what is financial innovation? The dominant answers from mainstream finance and social studies of finance share variations on a rationalistic view whereby financial innovation is about improving markets or at least extending the sphere of rational calculability. Because improvisat…
After the Great ComplacenceFinancial Crisis and the Politics of Reform: Financial Crisis and the Politics of Reform
This book addresses two important questions: first, why did financial innovation lead to the crisis in the banking sector that developed in 2007–8; and, second, why the political reform of finance has apparently proved so difficult across a variety of political jurisdictions? This ambitious book draws on a team of researchers from different disciplines to develop an innovation and distinctive argument in response to these two critical issues. In …
Multiple Financial Modernities. International Financial Centres, Urban Boosters and the Internet as the Site of Negotiations
Engelen E. and Glasmacher A. Multiple financial modernities. International financial centres, urban boosters and the Internet as the site of negotiations, Regional Studies. The 1990s and 2000s (the ‘noughties’) saw a large number of urban boosters trying to frame specific international financial centres (IFCs) as hotspots for global financial activities. This paper investigates the images projected through dedicated websites of different IFCs to …
Commentary
Cognitive Closure’ in the Netherlands: Mortgage Securitization in a Hybrid European Political Economy
There is a strong case that mortgage-backed securities were at the root of the 2007–09 financial crisis. Even though geographers have convincingly demonstrated that loan origination is strongly locally rooted and that the fallout from the subprime mortgage crisis clearly had spatially circumscribed effects, securitization is still generally perceived as a universal, private, and purely market-based financial technique. In this paper we use a desc…
Securitization across borders: Organizational mimicry in Islamic finance
This article discusses the case of securitization in Islamic finance to tease out what is universal and what is specific about this technique. To do this, the article frames the spatial dispersal of securitization as a form of 'organizational mimicry', which highlights that techniques always rely for their functioning on locally rooted 'cultures of practice', suggesting that successful transplantations require adaptation in both context and techn…
Misrule of experts? The financial crisis as elite debacle
This paper is about knowledge limits and the financial crisis. It begins by examining various existing accounts of crisis which disagree about the causes, but share the belief that the crisis represents a problem of socio-technical malfunction which requires some kind of technocratic fix: the three variants on this explanation are the crisis as accident, conspiracy or calculative failure. This paper proposes an alternative explanation which frame…
How Finance Penetrates its Other: A Cautionary Tale on the Financialization of a Dutch University
If any organization ought to be immune to the forces of financialization, it is a publicly funded university in corporatist Europe. Shielded from the intrusion by financial metrics, values and professionals through a strong historically rooted tradition of self‐management by powerful professional guilds, continental universities should largely have avoided the marketization and managerialization of Anglophone universities. Not so, this case study…
Political science (23 works) · Economics (22 works) · Housing, Finance, and Neoliberalism (18 works) · Sociology (18 works) · Finance (14 works) · Law (14 works) · Politics (14 works) · Law (12 works) · Business (11 works) · Political economy (10 works)